Risk warning

Read this before you connect a live account. The full legal terms are the Terms and Risk Notices.

Cloud9Trader is a tool, not an adviser

Cloud9Trader is software for writing, testing and running trading algorithms. It is not a broker, and it does not hold your money: your funds and positions stay with your broker or exchange. Nothing in the app or these docs is investment advice or a recommendation to trade. Every trading decision, including which algorithm to run and on which account, is yours. If you are not sure trading suits you, get independent advice first.

Leverage can lose you more than you put in

Forex, CFDs and similar products are traded on margin. Leverage makes losses as large as gains, and you can lose more than your deposit. Only trade money you can afford to lose. See Leverage and margin.

Crypto is volatile

Crypto prices can move sharply at any hour and can fall to zero. Exchanges can fail, be hacked or be shut down, and most crypto is not covered by any compensation scheme.

Backtests do not predict results

A backtest replays history with the benefit of hindsight. Real trading adds slippage, spreads that widen, orders that do not fill, and your own reactions to losing. An algorithm tuned to fit the past often fails on the future. Past results, real or simulated, do not predict future results. See Backtesting honestly.

Automated trading has its own risks

Bugs trade too. A mistake in your code can place orders that are too large, too many or the wrong way round. Test on a demo account first.
Connections fail. If the link to your broker drops, orders may be late or not sent, and orders already sent can still fill.
The platform can be down. Cloud9Trader does not promise uninterrupted service. Do not rely on it for anything that cannot wait.
Fast markets. An algorithm can send many orders very quickly. Build limits into your code, and set stops.

Cloud9Trader is in beta

Parts of the platform are still being built or fixed, and these docs say so where it matters. Check What’s new and the page for your broker before you trade live.

Your responsibilities

Make sure trading is lawful where you live, including with the broker and instruments you choose.
Your tax is yours to work out and report.
Your relationship with your broker, including its fees, margin rules and protections, is governed by your agreement with it.
Algorithms shared by other people are not reviewed or endorsed by Cloud9Trader. Use them at your own risk.